The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
A Hampshire solicitor is planning to sue the Solicitors Indemnity Fund, claiming that it put him out of business because of an error.
Michael Dalton, of Michael Dalton Solicitors in Hayling Island, said he was forced to stand down as a partner and become an employee in his own firm after he received a claims loading demand which doubled his insurance premium from £11, 250 to £22,500.
Dalton, whose firm has annual gross fees of around £200,000, was unable to pay and therefore had to "retire". His partner, Donald Ramsbottom, is now sole partner, and the claims loading - applicable to Dalton only - is no longer payable.
The hike is alleged by the SIF to be in respect of three claims against the fund over a three-year period ending 31 August 1992. Dalton argues that for the greater part of the period he had retired from practice to become a farmer.
Dalton told The Lawyer: "At the time of the biggest claim I was not held out to be a partner as I was a farmer in Devon.
"I then sold my practice in 1989 to another, completely independent solicitor, and the other two claims were against him. The SIF has simply made a mistake."
Dalton intends to sue as soon as he can find another firm of solicitors to represent him.
SIF managing director Elizabeth Mullins said it was not the fund's policy to comment on individual cases.